LI AUTO(02015) 智通财经网·2025-06-03 08:59Market Overview - Hong Kong stocks rebounded with the Hang Seng Index rising 1.53% to 23,512.49 points, with a total turnover of HKD 2,036.81 million [1] - The Hang Seng China Enterprises Index increased by 1.92%, while the Hang Seng Tech Index rose by 1.08% [1] - Factors supporting the long-term strength of Hong Kong stocks include upward revisions of performance in the first half of the year, increased southbound capital, and a weakening US dollar index [1] Blue Chip Performance - Li Auto-W (02015) led blue-chip gains, rising 5.82% to HKD 116.4, contributing 14.55 points to the Hang Seng Index [2] - Other notable blue-chip performers included Cheung Kong (00001) up 4.33%, BYD Company (01211) up 3.94%, while Sands China (01928) and Galaxy Entertainment (00027) saw declines [2] Sector Highlights - Major technology stocks showed positive performance, with Tencent rising over 1% and Alibaba up 0.62% [3] - The automotive sector saw a collective rebound, with Li Auto and BYD leading the way, as the May car market showed steady improvement [4] - The financial sector performed well, with significant gains in banks ahead of the upcoming Lujiazui Forum [3][4] Automotive Sector Insights - The automotive market is recovering, with BYD's May sales reaching 382,500 units, leading the industry [4] - New energy vehicle deliveries from various companies showed significant year-on-year growth, with Li Auto delivering 40,856 units, a 16.7% increase [4] - The Ministry of Industry and Information Technology expressed opposition to price wars in the automotive sector, emphasizing the need for normal market competition [5] Biopharmaceutical Sector - The biopharmaceutical sector saw strong performance, with stocks like Aidi Kang Holdings (09860) and Yimeng Biotech-B (09606) experiencing significant gains [6] - The upcoming ASCO annual meeting is expected to showcase over 70 original research projects from Chinese researchers, indicating a robust pipeline for innovation [6] Notable Stock Movements - Weikang Brain Science (02172) surged 19.96% due to advancements in brain-computer interface technology [7] - China Everbright Holdings (00165) rose 15.53% following news of Circle's IPO plans, which could enhance market confidence in USDC [8] - Longpan Technology (02465) saw an 11.09% increase after signing a significant sales agreement with Eve Energy [9] - Haichang Ocean Park (02255) experienced a sharp decline of 13.1% due to a new share issuance that significantly dilutes existing shares [11]